Seeking Alpha

Tricky

Tricky
Send Message
View as an RSS Feed
View Tricky's Comments BY TICKER:
Latest  |  Highest rated
  • The ink isn't quite dry yet on the debt ceiling deal before the Geithner-replacement rumors start up again. Buried in the details of a MF Global bond deal is a kicker the interest rate on the firm's issue jumps 100 basis points if CEO Jon Corzine nabs the top job at Treasury.  [View news story]
    Beat me to it
    Aug 3 11:26 AM | 1 Like Like |Link to Comment
  • The debt-ceiling deal passes the House, 269-161. The plan is a two-stage raise of the debt ceiling by $2.4T while cutting spending by about $2.7 trillion over 10 years. The Senate may begin debate tonight but is likely to vote on the deal tomorrow. (MW) Updated: The Senate will vote at noon tomorrow.  [View news story]
    Yep. Incredible hypocrisy. It's simple math -- unless you do something about ALL of the Big 3 (SS, Medicare, DoD), you don't fix the US financial problems -- everything else is window dressing
    Aug 1 10:48 PM | 2 Likes Like |Link to Comment
  • The debt-ceiling deal passes the House, 269-161. The plan is a two-stage raise of the debt ceiling by $2.4T while cutting spending by about $2.7 trillion over 10 years. The Senate may begin debate tonight but is likely to vote on the deal tomorrow. (MW) Updated: The Senate will vote at noon tomorrow.  [View news story]
    I have no problem with budget fights. THAT'S the time to fight about this stuff, not at debt ceiling votes. If you pass a budget with a deficit, guess what, the debt goes up.
    Aug 1 10:42 PM | 2 Likes Like |Link to Comment
  • Democrats and Republicans reportedly reach a tentative agreement on the framework of a deal that would increase the debt ceiling by up to $2.4T and guarantee an equal amount of deficit reduction over the next 10 years.  [View news story]
    Actually, the next milestone is "quadrillion". But I get your point. :-)
    Jul 31 01:04 PM | 3 Likes Like |Link to Comment
  • Democrats and Republicans reportedly reach a tentative agreement on the framework of a deal that would increase the debt ceiling by up to $2.4T and guarantee an equal amount of deficit reduction over the next 10 years.  [View news story]
    It's too bad what has happened to the Tea Party. I am DEFINITELY in favor of having a "contingent" that works for fiscal sanity and to shrink down the size of government. Our country badly needs that.

    Very unfortunately, the TP movment got co-opted by opportunistic, telegenic FOOLS (I just can't take you seriously if Sarah Palin and Michelle Bachman are amongst your foremost spokespersons) and an unproductive tone of hysterical shrieking.
    Jul 31 11:45 AM | 5 Likes Like |Link to Comment
  • Democrats and Republicans reportedly reach a tentative agreement on the framework of a deal that would increase the debt ceiling by up to $2.4T and guarantee an equal amount of deficit reduction over the next 10 years.  [View news story]
    Hi gents, I agree with much of what both of you have said. The ideal for our national well being would be a combination of a PRODUCTIVE TARGETED short term stimulus with a medium term CREDIBLE REAL deficit reduction once recovery got underway.

    Unfortunately, our politicians are not capable of either.
    Jul 31 11:35 AM | 3 Likes Like |Link to Comment
  • Chart of the day: How did we ever come to be over $14T in debt? Who's responsible for how much of it? Who do we owe? This NY Times graphic breaks it down.  [View news story]
    I went directly to some hard data to look at the Clinton years and W years
    www.taxpolicycenter.or...

    These are, of course, the "budget" whereas accumulated debt also is impacted by off-budget items and intergovernmental flim-flam. I do try hard to be intellectually honest about these things, so there is something for everyone:

    In raw numbers: Both spending and receipts rose dramatically under Bush, but of course that accounts neither for a growing economy or inflation. So I think % of GDP is the best way to look at it...

    Clinton avg - receipts 19.03%, budgeted exp 19.81%
    W avg - receipts 17.61%, budgeted exp 19.61%.

    So the problem wasn't the budget expenses under W, it was the big unbudgeted stuff, mainly the wars. So now you look at the tax receipts side. Receipts as % of GDP went DOWN under W, and that's a fact.

    I guess from here, it devolves into a religious argument of hypotheticals -- "it would have been even worse had W not cut taxes" vs. "it would have been much better picture overall if the cuts hadn't happened".
    Jul 30 10:45 AM | 1 Like Like |Link to Comment
  • Chart of the day: How did we ever come to be over $14T in debt? Who's responsible for how much of it? Who do we owe? This NY Times graphic breaks it down.  [View news story]
    Well, it was W who led the charge in: 1) cutting taxes, 2) Iraq war, and 3) pandering to older voters with the Medicare prescription benefit.

    But certainly, the Dems didn't do anything to reign in spending.

    Both sides contributed to the GFC in their own way.

    I'm just wondering where all the Reps shrieking about financial ruin were during W's term in office? Why only now during Obama's term?
    Jul 29 11:24 PM | Likes Like |Link to Comment
  • Chart of the day: How did we ever come to be over $14T in debt? Who's responsible for how much of it? Who do we owe? This NY Times graphic breaks it down.  [View news story]
    They are merely summarizing data assembled from the sources that they listed. Which sources are you calling into question? I'm sure I could have assembled the exact same chart if I just bothered to look at the sources myself. Hard to see what the conspiracy might be.
    Jul 29 10:08 PM | 2 Likes Like |Link to Comment
  • Chart of the day: How did we ever come to be over $14T in debt? Who's responsible for how much of it? Who do we owe? This NY Times graphic breaks it down.  [View news story]
    I do love it so when data exposes hypocrisy.
    Jul 29 06:32 PM | 1 Like Like |Link to Comment
  • A World Awash in Biofuels [View article]
    Ah, gotcha. Which other fed entities, besides DoD, are you hearing/seeing leading the charge?
    Jul 29 01:17 PM | Likes Like |Link to Comment
  • A World Awash in Biofuels [View article]
    Brett, a useful article thanks. I would submit that you left out one of the other potentially massive players that desperately wants fossil fuels alternatives and can help the right providers to get to scale -- the Dept of Defense. I have recently seen and heard multiple articles, interviews and speeches which indicate that DoD (led by the Navy) are quite serious about this.

    Fortunately DoD seems to have set two parameters as part of its programs -- the fuel must work with existing engines and it must NOT compete with food supply.
    Jul 29 11:53 AM | Likes Like |Link to Comment
  • The Small Bank Problem: Why We Are 40,000 Properties Away From Recovery [View article]
    Indeed, a very good article. It confirms with what a relative (who is a fairly substantial player in CRE) thinks. In addition to everything said in the article, another critical aspect that drives a longer time to resolution is that it's easier to "extend and pretend" on commercial loans than residential.

    My relative says he knows of several properties that are in big trouble, but they won't drop price because the bank doesn't want that outcome and they're "working it out" -- so all the vulture funds that came to town are going away empty handed.
    Jul 28 02:32 PM | Likes Like |Link to Comment
  • AT&T’s (T) bid to acquire T-Mobile (DTEGY.PK) got a boost yesterday from 11 state attorneys general and a Louisiana regulator, all of whom suggested that the takeover would lead to better mobile service and thus would serve the public interest. But a top law firm that has handled past class actions against AT&T is trying to block the merger by inundating it with arbitration claims.  [View news story]
    I don't disagree with that observation. But I also fear that AT&T's takeover of T-Mobile will be a horrible development for US mobile customers.
    Jul 28 01:39 PM | 2 Likes Like |Link to Comment
  • Storing about 1/4 of global aluminum inventories in warehouses in a dilapidated area of Detroit, Goldman Sachs has created a cash cow and accusations of conflicts of interest. Consumers are complaining they can't get their hands on the metal even as inventories continue to pile higher. "It's not a true shortage," says a procurement officer.  [View news story]
    Oh, it's even better. Prior to the crisis, GS was not regulated like a bank with all its restrictions. Then during the GFC, they get classification as a bank, to enjoy the bailout. Soon after the storm passed, they got declassified.

    So, as convenient to them, they get all of the upside and none of the downside of being classified as a "bank".

    And their show of gratitude for such is a continuation of their financial crimes against humanity.
    Jul 28 10:14 AM | 3 Likes Like |Link to Comment
COMMENTS STATS
1,583 Comments
2,962 Likes